235 Ocean Avenue
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 27, 2026 | Sold | ||
| Sold | |||
| Dec 30, 2025 | In contract | - | |
| In contract | |||
| Nov 27, 2025 | Price Decreased |
$2,200,000
↓ $299K
(12%) | |
| Price Decreased | |||
| Aug 4, 2025 | Listed by Five Towns Miller Realty Inc | $2,499,000 | |
| Listed by Five Towns Miller Realty Inc | |||
| |||
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Welcome to this move-in ready, single-story ranch home located in the heart of Back Lawrence. Situated on a perfectly shaped 193’ x 125’ lot (with room for a pool) this property offers exceptional potential—whether you’re looking to expand upward in the future or seeking the ideal home to downsize.
This spacious ranch features five bedrooms, and three fully renovated bathrooms on one level. A finished basement with office and a gym. A new boiler, new electric, new windows, new pavers. Enjoy an outdoor dining area perfect for entertaining, as well as a kosher kitchen.
A rare opportunity to move right in and make this special home your own!
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| Oct 2, 2017 | Sold | ||
| Sold | |||
Property Highlights
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About Five Towns
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017